The information is crammed with cryptocurrency hacks and rug pulls just about each day. However what about these reputable crypto cash which have been round for some time? They’re not doing so scorching both today.
Over the weekend, bitcoin slumped beneath $34,000 for the primary time since January. Actually, it was six months in the past immediately that bitcoin hit an all-time excessive of $68,990. And it’s not simply bitcoin. Nearly each cryptocurrency has been struggling in 2022.
What for those who purchased your crypto on November 9, when bitcoin hit a document excessive and plenty of well-liked media shops appeared satisfied the world’s hottest crypto was heading to $100,000 or even higher very quickly? We did the maths for the preferred cash, and it’s not a fairly image, with only one exception.
- In the event you purchased $100 of bitcoin six months in the past, you’ve $50.65 of bitcoin proper now.
- In the event you purchased $100 of ethereum six months in the past, you’ve $51.74 of ethereum proper now.
- In the event you purchased $100 of BNB six months in the past, you’ve $53.73 of BNB proper now.
- In the event you bought $100 of XRP (Ripple) six months in the past, you’ve $43.13 of XRP proper now.
- In the event you purchased $100 of Solana six months in the past, you’ve $30.46 of Solana proper now.
- In the event you purchased $100 of Cardano six months in the past, you’ve $33.82 of Cardano proper now.
- In the event you purchased $100 of Terra Luna six months in the past, you’ve $119.49 of Terra Luna proper now.
- In the event you purchased $100 of Dogecoin six months in the past, you’ve $40.82 of Dogecoin proper now.
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The place did all of that misplaced cash go? It was cashed out for actual cash by individuals who bought the cryptocurrency sooner than you and bought sooner than you.
Once more, there are a variety of different cryptocurrency tasks on the market on this planet. And for those who had been fortunate sufficient to seek out one and earn a living, good for you. However you’re positively within the minority, as most retail buyers misplaced cash to cryptocurrency in 2022.
However not everybody has been struggling. The Ethereum Basis bought 20,000 ether at a value of $4,722.68 per ether on November 11, 2021, raking in over $94.4 million. That was nearly Ethereum’s all-time excessive, $4,891.70, achieved simply a few days earlier on November 9.
Even gamblers know you’re by no means going to beat the home. However that’s not going to cease individuals from making an attempt.
